SEC Form 4 · accession 0001653528-18-000014
SPARTON CORP · SPA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher A. Ratliff
Officer — VP - Information Technology
Period of report
Mar 23, 2018
Accepted (ET)
Mar 28, 2018 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092679
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 23, 2018 | D | 9,252 | D | — | — | Common Stock | 9,252 | 0 | D |
| Stock OptionF3 | $26.86 | Mar 23, 2018 | D | 558 | D | — | Sep 11, 2024 | Common Stock | 558 | 1,672 | D |
| Stock OptionF4 | $23.02 | Mar 23, 2018 | D | 1,992 | D | — | Sep 10, 2025 | Common Stock | 1,992 | 1,991 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Sparton Corporation common stock or cash at the election of the Compensation Committee.
- F2The Restricted Stock Units vest over a period of approximately four years, provided certain performance criteria are met.
- F3The Stock Option vests at a rate of 25% per year commencing on September 11, 2015 and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.
- F4The Stock Option vests at a rate of 25% per year commencing on September 10, 2016 and 25% on each subsequent anniversary date until 100% vested. The option shares are exercisable as soon as they have vested.
Remarks
Reporting Person's employment terminated 03/23/2018.